UK's Sunak says Ukraine invasion creating 'significant uncertainty'

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Britain's Chancellor of the Exchequer Rishi Sunak attends a virtual press conference inside 10 Downing Street in central London, Britain March 3, 2021. Tolga Akmen/Pool via REUTERS

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LONDON, March 11 (Reuters) - Britain's economy faces significant uncertainty due to Russia's invasion of Ukraine, British finance minister Rishi Sunak said on Friday after the release of stronger-than-expected growth data for January.

"We know that Russia's invasion of Ukraine is creating significant economic uncertainty and we will continue to monitor its impact on the UK, but it is vital that we stand with the people of Ukraine to uphold our shared values of freedom and democracy and ensure Putin fails," Sunak said.

Sunak is due to give a half-yearly update of economic growth and borrowing forecasts on March 23.

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Reporting by Andy Bruce; writing by David Milliken; editing by William James

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